On August 10, 2019, the BSV price reached a low of ₿0.0117. An upward move ensued and BSV reached a high of ₿0.0145 on August 14. After a brief decrease, the price reached a similar high on August 29. It has been decreasing since.
How long will the decrease continue for BSV? Keep reading below if you want to find out.


Bitcoin SV Price: Trends and Highlights for September 10
- BSV/BTC is trading inside a symmetrical triangle.
- The price is trading below the daily moving averages.
- BSV has generated a short-term cup and handle pattern
- There is support at ₿0.011.
Tracing Support
A look at the daily time-frame shows that BSV has been retracing after the upward move that began in May.
Symmetrical Triangle
A closer look at price movement shows that BSV has been trading inside a symmetrical triangle since June 28.
Moving Averages
When we incorporate daily moving averages (MA) into the analysis, we can see that BSV is facing close resistance from both the 10- and 20-day MAs.
Inverse Cup And Handle
A look at the 4-hour time-frame shows that BSV has possibly created an inverse cup and handle. The pattern is considered bearish, making a price breakdown more likely.
Bitcoin SV Price Summary
The BSV price has been trading inside a symmetrical triangle. According to our analysis, the price is likely to break down from the triangle and reach the support area at ₿0.011. For trading purposes, while we believe that BSV will decrease, its current position does not allow for the initiation of a profitable trade. We would consider BSV a sell at prices closer to ₿0.0135. Do you think BSV will break down from the triangle? Let us know in the comments below.Disclaimer: This article is not trading advice and should not be construed as such. Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile. Images are courtesy of Shutterstock, TradingView.
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Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
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